Which statement type includes all transactions for a date range as well as the balance forward?

The statement type that includes all transactions for a date range along with the balance forward is the Balance Forward Statement. This type of statement provides a comprehensive view of a customer’s financial activity over a specified period, showcasing not only the transactions that occurred during that time frame but also the previous balance carried forward. This is particularly useful for accounting purposes, as it gives a complete picture of what the customer owed at the beginning of the period, any transactions that occurred, and the resulting balance at the end of the date range.

The Balance Forward Statement effectively consolidates the account history, allowing for easy review of both past dues and recent activities. This format is especially advantageous for businesses tracking receivables and managing customer accounts, as it facilitates collections and helps maintain accurate records.

Other types of statements, such as Transaction Statements, Open Item Statements, and Invoice Statements, serve different purposes and may not provide the same level of detail regarding account balances over time. For instance, a Transaction Statement might itemize specific transactions without summarizing the opening balance, while an Open Item Statement focuses on individual outstanding invoices rather than a comprehensive history over a date range. Hence, the Balance Forward Statement distinctly meets the criteria set by the question by effectively summarizing both transactions and balances for the